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, mitt romney brought up simpson bowles, even though the question was never asked and acknowledging the question something needs to be done. >> he brought up simpson bowles, and either candidate is discussing the fiscal cliff, there isn't much difference between them. a pox on both their houses. >> it's a bipartisan mistake and problem. i don't disagree with what jerry and ben said. the fiscal cliff is a disaster in the waiting. a low probability that the disaster will come to fruition, the politicians are content to wait until after the election to do with it. >> and break up-- make the point this is bad for the economy. a lot of people talk about the markets. i don't know, if you have the automatic cuts, you have automatic taxes, you have the deficit being dealt with in an insane way, at least being dealt with, i'm not so sure the markets are going to implode-- >> you don't think, you think the markets will whistle past this. >> at least they're going to say something is going on. at least they're doing something. >> and anyway, right. >> it's going to hurt the economy long-term n
to hear what he thinks about simpson-bowles, which he commissioned. he's been the president and hasn't given us specifics. so let's be fair here. >> so that's really the approach then? you're a former prosecutor. you understand how the courtroom works. mitt romney is the defense lawyer here. he is going to say the prosecution, president obama, hasn't made his case and that his record isn't enough for re-election, and i'm not going to give you all the detail of what i'll do, what a romney presidency would mean. make your choice based on the president. that's the plan? >> no, no. listen, what the plan is that the public will have plenty of detail and information to be able to make a judgment on governor romney and what his plan is for the future. but let's look at what the president is saying as well. and you're right, david, in this respect. the president has had four years to lay this out, and now a campaign. and the president's just trying to run out the clock. he desperately wants to run out the clock with platitudes which sound nice, and i give him that. the president is very good
, it sounds like simpson-bowles and it smells like simpson-bowles. it even has the same savings, almost exact savings as simpson-bowles. why more than a year later our senators coming up with a pistol clip avoiding measure that is pretty much simpson-bowles? follow the wings. neil: think of it as them symbols without the simpson were the simpson-bowles. there he tax increases that collectively shaved about $4 trillion over the next decade. that is the same plan that they all but had last year. and the automatic spending cuts that sink in as of now at the end of this year. here is what i find most striking. it is almost identical to the deck commission plan of the house and senate, all but relegated to collecting dust last year. no matter, at least they are entertaining series is now. the question now is who signs up? a big problem last year and i suspect it is election year and an even bigger problem last year. still, the election is not too far away and hope springs eternal for progress after election day. these guys clearly see the writing on the wall. let's just hope that their colleagues
that way. neil: thank you, sir. well, it sounds like simpson-bowles and it smells like simpson-bowles. it even has the same savings, almost exact savings as simpson-bowles. why more than a year later our senators coming up with a pistol clip avoiding measure that is pretty much simpson-bowles? rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbico
bargain, why do we need a grand bargain? w do weneed simpson-bowles? this is work congress is supposed to be doing, you are not supposed to need special committees to come along we have a congress of 535 people with dozens and dozens of committees, why can't they up on the hill start talking to one another, one another, reach across the aisle, but it will great greater presidential leadership and i think what the president said in one of his remarks yesterday is that he intends to spend more time trying to bring that leadership up to the hill and get both parties, both sides to start talking to one another. but eve candidae can say i am ing dothis, i am going to do that but in reality, if -- it is the congress that actually does it or doesn't do it and i don't think the congress has been meeting its responsibilities. >> rose: there you go. >> there you go. >> rose: a prominent member of congress would love to be the next house speaker. well, the least important part of all of this discussion is who the next house speaker, it is important -- >> rose: the majority -- >> that's the most
simpson-bowles, speaking of things too late, the president suggested one of the big differences between him and mitt romney was simpson-bowles, yet if you talk to any of the principles involved they were extremely disappointed as are many of your colleagues on wall street and big business that the president did not affirmatively embrace the outlines of simps simpson-bowles strojly. let them leave that rose garden with a pat on the back and did not fully endorse it and stopped it cold on the hill. >> andrea, you know, i have great admiration for alan simpson and ear skin bowles, they've done fantastic work for this country on this issue in raising public consciousness about it, but i know there's a great affection in many parts of the country like the business community for simpson-bowles but if you study simpson-bowles, it requires quite sweeping tax reform in the area of deductions, for example, in order to achieve its own decreases in marginal rates which, of course, is a hallmark of simpson-bowles. i think it's quite unlikely if we think about how we're going to solve the fiscal clif
the simpson-bowles plan, that had an interesting back and forth. take a listen. e >> in one year, you provided $90 billion in breaks to the green energy world. now, i like green energy as well, but that's about 50 years worth of what oil & gas receives, exon and mobile this. $2.8 billion goes largely to small company, drilling operators and so forth. but if we get that tax rate down to 25%, that $2 important 8 billion is on the table. that's probably not going to survive. but don't forget, you put $ninety billion, like 50 years worth of breaks into soular and wind, to solyndra, fisker, i have a friend who said, you don't just pick the winners and losers, you pick the losers. >> he was talking about the energy plan. president obama picking losers. we will get the simpson-bowles one. let's bring in the panel for analysis. brit hume and joe trippi. okay, brit. your thoughts? >> well, you are right, governor romney came out. he was aggressive. when do you that, you are always in danger of seeming rude or... pugneighbors. i don't think he d. -- bug -- pugnacious. high seemed to display ext
. >> , as woman, we support something like the simpson bowles? -- congresswoman, would you support a bill like the simpson bowles? what i actually agree. we should not pay if it cannot pass the budget. [laughter] i shall mention it before you -- i actually menionted it before you at the first debate. i could not accept the product of the simpson bowles commission although the process is worthy of repeating. it asks too much of the middle- class, of seniors, veterans and did not ask the very wealthy to do their fair share. as we tackle the budget, we have to have that balance. it -- the difference between tommy thompson and myself cannot be more clear. supports the ryan plan which has massive new tax cut for the very wealthy. $260,000 for the average millionaire like tommy. it pays for it with an increase in middle income taxes. what concerns me the most beyond the -- that, tommy signed a pledge to grover norquist that committee will never ask the wealthy to do more. that is wrong. for us to audit fair shot, we all have to do our fair share. indeed balance -- we need balance. >> i would like to
blankfe blankfein, as well as simpson and bowles and they're not a singing team. they are the duo behind of course what might have been a very sane fiscal plan for the country and they have a lot to say about that. as for braunstein, he was not directly involved in any way in the london whale trading. that did not report in to him. but you can imagine as cfo it is not the easiest of times to have been through, that the job is a very, very difficult one. he had been the preeminent banker for many years at jpmorgan and actually had been very happy in the cfo role. whether or not he's leaving in the next couple of quarters or not, if that is the case -- of course you do need to communicate that to your boss and figure out what you may want to do in the future so we'll see but i think that's become an extraordinary difficult job at any big bank, certainly one that's been under the scrutiny of jpmorgan. >> it feels like a purge. it feels like a purge. anyone who was involved with the whale just tangentially, seems like right down the line -- plus we read the story about the potential criminal
against it and was on the simpson-bowles commission and rest of the teams in congress, you know, to embrace the simpson-bowles outline at least. this is likely to come up tonight as well. he is here because he's a member of the presidential debate commission, has been for decades. let's watch. >> i asked you to talk to romney and ryan what would you say to them -- >> i would say -- >> that you have concerns about. >> we have a leaderless government and they lead. they can govern. this gentleman can't govern. he can't governor earn. he's doing politics day and night. >> alan simpson being alan simpson. i've covered him for decades, mark you have as well. but it's certainly gives the republicans a little bit of a talking point since alan simpson is someone the president points to as being, you know, the simpson-bowles plan that i appointed. >> if you like me to feign shocked alan simpson said something newsworthy and outrageous, i will. some say he shouldn't be in that mode on the day of the debate. that's the republicans' increase lig full-floated argument why the president shoul
.50 in cuts for every dollar in revenue. simpson/bowles suggested $3 for every dollar in revenue. the president did not support simpson/bowles. and i wanted to read the "washington post" comment in light of that when they entorsed the president today. it was a rather troubling endorsement. here's their quote. we come to judgment with eyes open to the disappointments of mr. obama's first term. he did not end as he promised he would a chronic avoidance of tough decisions on fiscal matters. we were disappointed mr. obama allowed the bipartisan recommendations of his fiscal commission, simpson/bowles, to wither and die, and he and speaker john boehner failed to seal a fiscal deal in the summer of 2011. how is obama going to change that pattern in the second term, is the question i put to you, sir? he had the chance to do a big deal with tough choses, with things like mortgage interest deduction. he didn't do it. >> erin, as you know, simpson/bowles both said this, the president takes the balanced approach they recommend. in other words, every credible bipartisan group, including simp
to you with the three wise men, simpson and bowles and lloyd blankfein. your biggest takeaway from the interview? >> it's taken on from what sue was saying but on the other side. i love what lloyd blankfein had to say. we were talking about the negative ramifications of not solving the fiscal cliff problem. i thought lloyd blankfein was fascinating talking about theit. when you look at the 10-year yield, financing our deficit is not the problem. but when you think about he specifically said goldman is on the sidelines, goldman is preparing for a 2% probability event. you remove a piece of that 2%, and the horizons that open up, those are fascinating to me to think about it and to try to motivate the political process from the positive side, not the negative side. and i'll just listen to alan simpson talk for as long as he wants to go. >> i'm sure you would, steve. as a market participant with the view of what wall street wanted to hear today, lloyd blankfein said in his words, i'd be a buyer of the market on a deal. what's the tradable information we got out of this interview today
felled stein of harvard as a way to make tax reform work. >> and both of them embraced the simpson-bowles commission and the simpson-bowles commission put out three different tax rates and each rate you will have to do something with the deductions and exemptions, eliminate all of them or retain them and romney says i'm going to drop rates and put all of those deductions and exemptions on the table for negotiation. any serious person in politics knows that's the starting point pour reworking the tax code. you don't have to get into the fine detail at this point. >> paul: kim, what do they have to do to maintain the momentum, the romney campaign. >> you see them doing this. now flooding the zone with a whole bunch of new ads going after the president both on things like the deficit, but talking more about mitt romney's own plans for reform and so they're trying to bulk up their presence out there in the the swing states and really grab this momentum and then they've also of course, got to have a good rest of the remaining debates. no one should forget, john kerry had a good opening debate
i love the concept of simpson bowls. simpson-bowles. >> thank you so much. still ahead, president obama's latest green jobs fiasco. another administration favorite goes belly up, taking millions of taxpayer dollars with it. the details are next. victor! iot your campbell's chunky soup. mom? who's mom? i'm the giants mascot. eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. you know the giants don't have a mascot right mom? [ male announcer ] campbell's chunky soup. it fills you up right. gives you a 50% annual bonus. and everyone, but her... likes 50% more cash. but, i have an idea. do you want a princess dress? yes how about some cupcakes? yes lollipop? yes! do you want an etch a sketch? yes! do you want 50% more cash? no you got talent. [ male announcer ] the capital one cash rewards card. with a 50% annual cash bonus it's the card for people who like more cash. what's in your wallet? i usually say that. >> clean energy manufacture in michigan that just hired its 1,000th worker as demand has soared for its vehicle components. companies like th
. that's why i love the concept of simpson bowls. simpson-bowles. >> thank you so much. still ahead, president obama's latest green jobs fiasco. another administration favorite goes belly up, taking millions of taxpayer dollars with it. the details are next. [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit to learn your risk. >> clean energy manufacture in michigan that just hired its 1,000th worker as demand has soared for its vehicle components. companies like these are taking root and putting people to work in every corner of the country. >> i had a friend who said, you just don't pick the winners and pick the losers. all right? this is not the policy you want to have if you want america energy secure. >>a123 president obama was touting last year is another loser. the electric car battery-maker and recipient of a $249 million taxpayer-funded grant filed for c
? >>guest: no, what simpson-bowles taught us this can be bipartisanship. you have to able to get people on both sides of the aisle to do things that they haven't done before. the other thing that simpson-bowles teaches us, the number of changes necessary in both the tax code and in terms of entitlements if you do them now are not overly substantial. they are not painful. the effect of those somewhat painless changes over a ten, 15, or 20 year time period, they do dramatic and positive results to the whole fiscal solvency of the system, the bending of the curve. you need to have everyone in the same room today. these are folks that do not like being in the same room with each other. >>neil: you are right. we have to get the ball moving. duck, thank you very much. very good to have you. in the meantime, coming up --. >> see my plan. read my plan. i have fire in my plan. >>neil: he is talking about this, the president's pamphlet showing what he averages to do. we showcased the strategy focusing on kids and this is the president on the side of americans because he has guys in white lab coat
can happen, senator allen simpson of simpson-bowles disagrees. >> they believe that no congress could be this stupid, and by god, they can. >> and by god, they can. in your career, have you ever seen congressional malpractice to this degree? >> i've never seen the country this polarized and the parties acting in such partisan and self-serving ways. we've got to get past this election and restore some sense of civility. get to work, both parties this fall, the problems that beset us. the problems aren't insoluble. with all respect to carmen rinehart, who made major contributions, there's nothing magic about some particular point where the economy goes downhill. but we're in danger -- we have endangered ourselves by taking on escalating amounts of debt, which will keep going on in the future. we have to get our economy back recovering, growing faster, and we have to get our debt under control. that means our debt should not be growing faster than the economy. it's very simple. >> and what kind of progress have you seen on that in the past year since the u.s. credit rating was downgraded
't miss steve liesman sitting down with lloyd blankfein, alan simpson ande ersskin bowles live at 12:30 p.m. eastern. >>> in sports news, giants -- this started bad and got worse. beat the reds 8-3. the series is tied at two games each. supposedly i love fifth game or seventh game to decide the series. >> i figured last night was cutting it a little too close for you. >> every pitch, every foul ball. anyway, people are excited in new york about the yankees defeating the orioles 3-2 in extra innings. a couple of home runs in the ninth and the 12th. >> etwo games to one lead in th series. a bottom of ninth home run. and homered again in the 12th. first player to homer devices in a postseason game in which he didn't start. >> and he's 40 years old. >> wow. that's amazing, too. i i shaw some comments about pee rose about a-rod that he's never seen a-rod not run out a fly ball.i saw some comments about rose about a-rod that he's never seen a-rod not run out a fly ball. saw some comments about p rose about a-rod that he's never seen a-rod not run out a fly ball. pete always really hustled. he s
simpson-bowles. think everybody believes we'll be plus or minus 10% of simpson-bowles. let's get it done. >> let's get it done. >>> what's wall street looking for? back with cio of jpmorgan morgan private bank. sue will joining questioning in a moment. richard, over the next couple of weeks and certainly right after the election there are going to be lots of people out there saying, well, it looks like romney may win, so you should invest in this, you should buy this, you should sell that. well, obama won so you should sell that and buy this. is that any way to invest? is that any way to run a portfolio? is that anything you ever do? >> it's a great question. i'm going to distinguish between investing and trading. i'm sure there will be some pbrt trades around this. similar to the discussion whether bernanke will stay in the fed? i think what's more is what happened in congress. romney wins, probably good for business, pro beta. bigger issue is where are we going on growth, muddling through. where we going on earnings. balanced and positive. you invest on a trend and you invest with a ho
Search Results 0 to 49 of about 545 (some duplicates have been removed)